FBIZ Stock Analysis: First Business Financial | NASDAQ
Banks - Regional | NASDAQ, USA | Market Cap: 562m USD | 12M Return: 41.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 4.11M
EPS Trend: 94.9%
Qual. Beats: 0
Rev. Trend: 93.8%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 11.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
First Business Financial Services (FBIZ) is a Wisconsin-based bank holding company that operates First Business Bank, primarily serving small and medium-sized businesses, business owners, executives, professionals, and high net worth individuals across Wisconsin, Kansas, and Missouri. Founded in 1909 and headquartered in Madison, Wisconsin, the company has built a diversified commercial banking platform alongside a complementary private wealth management business.
The companys commercial banking offerings span a wide range of specialty lending products, including commercial real estate lending, commercial and industrial lending, asset-based lending, accounts receivable financing, equipment financing, floorplan financing, vendor financing, and Small Business Administration (SBA) lending and servicing. It also provides treasury management solutions, company retirement services, and commercial deposit accounts. Its private wealth division offers asset allocation strategies, trust and estate administration, financial planning, investment management, brokerage, and custody services, as well as private banking for high net worth clients. Additionally, FBIZ generates fee income through bank consulting services covering balance sheet, investment portfolio, and asset liability management.
FBIZ operates in the Regional Banks sub-industry within the Financials sector, a segment characterized by community-focused institutions that generate revenue primarily through net interest income from lending activities, supplemented by fee-based services such as wealth management, treasury solutions, and SBA loan servicing. Its multi-state footprint across the Midwest and specialty lending focus distinguish it from larger national banks, while its integrated wealth management arm provides a meaningful source of non-interest income that can help offset margin pressure in a rate-sensitive environment.
- Net interest margin pressure as deposit costs rise
- Commercial real estate loan losses threaten credit quality
- Private wealth management fees accelerate revenue diversification
| Net Income: 51.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.30 > 1.0 |
| NWC/Revenue: -1.07k% < 20% (prev -1.01k%; Δ -63.44% < -1%) |
| CFO/TA 0.01 > 3% & CFO 53.4m > Net Income 51.3m |
| Net Debt (-196.0m) to EBITDA (65.2m): -3.01 < 3 |
| Current Ratio: 0.15 > 1.5 & < 3 |
| Outstanding Shares: last quarter (8.19m) vs 12m ago 0.68% < -2% |
| Gross Margin: 57.68% > 18% (prev 55.77%; Δ 1.92% > 0.5%) |
| Asset Turnover: 6.84% > 50% (prev 6.77%; Δ 0.08% > 0%) |
| Interest Coverage Ratio: 0.55 > 6 (EBIT TTM 61.4m / Interest Expense TTM 110.7m) |
| A: -0.70 (Total Current Assets 532.2m - Total Current Liabilities 3.57b) / Total Assets 4.32b |
| B: 0.07 (Retained Earnings 314.6m / Total Assets 4.32b) |
| C: 0.01 (EBIT TTM 61.4m / Avg Total Assets 4.13b) |
| D: 0.10 (Book Value of Equity 380.1m / Total Liabilities 3.94b) |
| Altman-Z'' = -4.17 = D |
| DSRI: 0.96 (Receivables 13.2m/13.1m, Revenue 282.8m/266.9m) |
| GMI: 0.97 (GM 55.77% / 57.68%) |
| AQI: 1.02 (AQ_t 0.87 / AQ_t-1 0.86) |
| SGI: 1.06 (Revenue 282.8m / 266.9m) |
| TATA: -0.00 (NI 51.3m - CFO 53.4m) / TA 4.32b) |
| Beneish M = -3.04 (Cap -4..+1) = AA |
As of July 28, 2026, the stock is trading at USD 67.48 with a total of 37,428 shares traded. Over the past week, the price has changed by +2.65%, over one month by +6.76%, over three months by +18.94% and over the past year by +41.61%.
Current recommended Stop Loss: 65.40 (which is 3.1% or 1.3 ATR below the current price).
First Business Financial has received a consensus analysts rating of 4.40. Therefore, it is recommended to buy FBIZ.
- StrongBuy: 2
- Buy: 3
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 67.2 | -0.4% |
P/E Trailing = 11.0858
P/E Forward = 8.9606
P/S = 3.4438
P/B = 1.5227
P/EG = 1.2381
Revenue TTM = 282.8m USD
EBIT TTM = 61.4m USD
EBITDA TTM = 65.2m USD
Long Term Debt = 303.5m USD (from longTermDebt, last quarter)
Short Term Debt = 178.3m USD (from shortTermDebt, last quarter)
Debt = 317.5m USD (from shortLongTermDebtTotal, last quarter) + Leases 7.03m
Net Debt = -196.0m USD (calculated: Debt 317.5m - CCE 513.5m)
Enterprise Value = 365.7m USD (561.8m + Debt 317.5m - CCE 513.5m)
Interest Coverage Ratio = 0.55 (Ebit TTM 61.4m / Interest Expense TTM 110.7m)
EV/FCF = 6.93x (Enterprise Value 365.7m / FCF TTM 52.8m)
FCF Yield = 14.44% (FCF TTM 52.8m / Enterprise Value 365.7m)
FCF Margin = 18.67% (FCF TTM 52.8m / Revenue TTM 282.8m)
Net Margin = 18.16% (Net Income TTM 51.3m / Revenue TTM 282.8m)
Gross Margin = 57.68% ((Revenue TTM 282.8m - Cost of Revenue TTM 119.7m) / Revenue TTM)
Gross Margin QoQ = 58.49% (prev 57.49%)
Tobins Q-Ratio = 0.08 (Enterprise Value 365.7m / Total Assets 4.32b)
Interest Expense / Debt = 34.87% (Interest Expense 110.7m / Debt 317.5m)
Taxrate = 16.34% (10.0m / 61.4m)
NOPAT = 51.3m (EBIT 61.4m * (1 - 16.34%))
Current Ratio = 0.15 (Total Current Assets 532.2m / Total Current Liabilities 3.57b)
Debt / Equity = 0.84 (Debt 317.5m / totalStockholderEquity, last quarter 380.1m)
Debt / EBITDA = -3.01 (Net Debt -196.0m / EBITDA 65.2m)
Debt / FCF = -3.71 (Net Debt -196.0m / FCF TTM 52.8m)
Total Stockholder Equity = 363.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.24% (Net Income 51.3m / Total Assets 4.32b)
RoE = 14.12% (Net Income TTM 51.3m / Total Stockholder Equity 363.7m)
RoCE = 9.20% (EBIT 61.4m / Capital Employed (Equity 363.7m + L.T.Debt 303.5m))
RoIC = 5.59% (NOPAT 51.3m / Invested Capital 919.0m)
WACC = 15.97% (E(561.8m)/V(879.3m) * Re(8.51%) + D(317.5m)/V(879.3m) * Rd(34.87%) * (1-Tc(0.16)))
Discount Rate = 8.51% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 89.37 | Cagr: 0.41%
[DCF] Terminal Value 50.82% ; FCFF base≈55.8m ; Y1≈50.2m ; Y5≈42.7m
[DCF] Fair Price = 59.90 (EV 304.8m - Net Debt -196.0m = Equity 500.9m / Shares 8.36m; r=15.97% [WACC]; 5y FCF grow -12.30% → 2.50% )
EPS Correlation: 94.92 | EPS CAGR: 15.72% | SUE: 0.12 | # QB: 0
Revenue Correlation: 93.79 | Revenue CAGR: 13.76% | SUE: 0.71 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.56 | Chg30d=+0.00% | Revisions=+62% | Analysts=5
EPS next Quarter (2026-09-30): EPS=1.59 | Chg30d=+0.00% | Revisions=+50% | Analysts=5
EPS current Year (2026-12-31): EPS=6.22 | Chg30d=+0.00% | Revisions=+57% | GrowthEPS=+4.7% | GrowthRev=+8.8%
EPS next Year (2027-12-31): EPS=6.73 | Chg30d=+0.45% | Revisions=+57% | GrowthEPS=+8.3% | GrowthRev=+8.0%
[Analyst] Revisions Ratio: +84% (up=16, down=0)